Jio Platforms has received Sebi approval to proceed with its mega IPO. At an estimated $3.8 billion, the issue could overtake Hyundai Motor India’s 2024 offering to become India’s largest-ever IPO.
Highlights:
- Sebi has cleared Jio Platforms’ proposed IPO.
- The company could raise around $3.8 billion (about Rs 37,700 crore).
- Sebi issued its final observations on August 28, 2026.
- Jio Platforms had filed its draft IPO papers in June.
- The IPO could become the largest public issue in Indian stock-market history.
- It is expected to surpass Hyundai Motor India’s $3.3 billion-equivalent IPO in 2024.
- Jio Platforms is the digital services arm of Mukesh Ambani-led Reliance Industries.
Jio Platforms has moved a step closer to launching what could become India’s biggest-ever initial public offering after receiving clearance from market regulator Securities and Exchange Board of India (Sebi).
Jio Platforms Ltd, the digital services arm of Mukesh Ambani-led Reliance Industries, could raise around $3.8 billion, or approximately Rs 37,700 crore, through the proposed public issue.
According to an update on the market regulator’s website, Sebi issued its final observations on the company’s IPO documents on August 28. Receiving final observations from Sebi is an important regulatory step before a company can proceed with its public offering.
Jio Platforms had filed its draft IPO papers in June 2026. The latest regulatory approval now clears a major hurdle for the much-awaited stock-market debut.
If the IPO goes ahead at the estimated issue size of around $3.8 billion, it would become the largest IPO ever launched in India. It would surpass Hyundai Motor India’s public offering in 2024, which was valued at the equivalent of around $3.3 billion.
The scale of the proposed listing is expected to make Jio Platforms one of the most closely watched IPOs in the Indian market.
Jio Platforms houses Reliance Industries’ digital businesses and has emerged as a major player in India’s telecom and digital services ecosystem. Its proposed listing would also provide investors with an opportunity to directly participate in Reliance’s digital business.
With Sebi’s clearance now in place, investor attention will shift towards the final IPO structure, price band, issue dates and other details of the offering.
The mega issue could also provide a major test of investor appetite for large public offerings in the Indian equity market.
